Sivia Capital Partners LLC Has $772,000 Stock Position in Equinix, Inc. $EQIX

Sivia Capital Partners LLC lifted its stake in Equinix, Inc. (NASDAQ:EQIX) by 230.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,007 shares of the financial services provider’s stock after acquiring an additional 702 shares during the quarter. Sivia Capital Partners LLC’s holdings in Equinix were worth $772,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EQIX. Brighton Jones LLC increased its position in shares of Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 73 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in Equinix by 11.5% during the first quarter. Integrated Wealth Concepts LLC now owns 522 shares of the financial services provider’s stock worth $425,000 after purchasing an additional 54 shares during the period. Empowered Funds LLC grew its holdings in Equinix by 21.8% during the first quarter. Empowered Funds LLC now owns 3,050 shares of the financial services provider’s stock worth $2,487,000 after purchasing an additional 546 shares during the period. Schnieders Capital Management LLC. bought a new position in Equinix during the second quarter worth about $231,000. Finally, Brown Advisory Inc. grew its holdings in Equinix by 2.8% during the second quarter. Brown Advisory Inc. now owns 1,074 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 94.94% of the company’s stock.

Equinix Trading Up 1.1%

Shares of NASDAQ:EQIX opened at $1,089.15 on Friday. Equinix, Inc. has a 12-month low of $710.52 and a 12-month high of $1,128.68. The stock has a market cap of $107.41 billion, a PE ratio of 75.37, a P/E/G ratio of 2.03 and a beta of 0.99. The business has a 50 day moving average of $1,056.06 and a 200-day moving average of $912.41. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39.

Equinix (NASDAQ:EQIX) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $10.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.30 by $6.49. Equinix had a return on equity of 10.03% and a net margin of 15.07%.The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company posted $9.67 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities research analysts forecast that Equinix, Inc. will post 37.72 earnings per share for the current year.

Equinix Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, May 20th will be issued a dividend of $5.16 per share. This represents a $20.64 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s payout ratio is currently 142.84%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Scotiabank lifted their price target on Equinix from $1,050.00 to $1,120.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Sanford C. Bernstein assumed coverage on Equinix in a report on Thursday, March 5th. They set an “outperform” rating and a $1,128.00 price target for the company. BMO Capital Markets lifted their price target on Equinix from $925.00 to $1,050.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. Weiss Ratings upgraded Equinix from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, May 7th. Finally, UBS Group lifted their price target on Equinix from $950.00 to $1,010.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Equinix presently has a consensus rating of “Moderate Buy” and an average target price of $1,143.60.

Insider Activity at Equinix

In other news, insider Brandi Galvin Morandi sold 424 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $1,020.00, for a total transaction of $432,480.00. Following the completion of the sale, the insider owned 9,970 shares in the company, valued at $10,169,400. The trade was a 4.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Raouf Abdel sold 2,040 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,083.47, for a total value of $2,210,278.80. Following the sale, the executive vice president owned 5,728 shares of the company’s stock, valued at approximately $6,206,116.16. This represents a 26.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 11,053 shares of company stock valued at $11,569,731. Insiders own 0.27% of the company’s stock.

Equinix Profile

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.